Realistically, @haejin is way too advanced of a trader for most of us to successfully replicate. Trading with Elliot Wave Theory is like looking at an elephant through a microscope. Few people are going to be able to follow these commentaries, aggregate the tiny details like haejin does, also look at the macros, and then be able to hit home runs as a short trader. IT IS NOT GOING TO HAPPEN FOR 90% OF TRADERS - because they are not THAT good. I've been studying this stuff for 10 months straight and I'm lucky - my short trades are still in slightly positive territory, overall. Last month I was at 30% profits on my short trades, but after this last bull trap I'm at, maybe 10% profit, and that's not bad in a bear market. But, I'm learning that even good/smart traders struggle to pull any profits in a bear market. If you come out even, you're doing better than average.

Most of us should be doing small trades and experimenting/testing our strategies and ideas in this downwards trend. It's like paying for your education, and learning how you react when you have "skin in the game." You might not think so, but failure is actually the greatest teacher - so learn how to fail smaller. When the bull market returns, you will still have skin in the game & profits will be easier to make.